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Bermuda
Fidelis Q3 underlying LR drops 7 points to 39.1%
Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
Kyoung-son Song
,
12 November 2024
Reinsurers
US casualty: Reinsurers emphasise rate increases over commission cuts in Q3
Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
Kyoung-son Song
,
12 November 2024
Commercial lines
Sedgwick closes $1bn Altas investment at $13.2bn valuation
Carlyle re-launched efforts to find minority investor last June.
Jairo Ibarra
,
12 November 2024
Commercial lines
City minister Siddiq: We want the UK’s insurance industry to thrive
The minister highlighted London’s critical mass of expertise and tech innovation.
Rachel Dalton
,
12 November 2024
Bermuda
James River reserves now ‘walled off’ from past business: CEO
The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
Jairo Ibarra
,
12 November 2024
London market
AI ‘not a catch-all solution’ to fix everything in a company: CFC’s Beattie
Insurers should reform underlying data before using AI, according to experts.
Ayesha Venkataraman
,
12 November 2024
M&A
Carrier M&A 'coming back on the agenda’: LMC M&A panel
Investing in balance-sheet businesses is a “more nuanced” story than backing brokers or MGAs.
Samuel Casey
,
12 November 2024
London market
London must strike balance to grow and remain competitive: LMC panel
Panellists said the industry must work collectively to grow the London market pie profitably.
Rebecca Perkins
,
12 November 2024
London market
Envelop Risk names Peters CEO of new unit Envelop Underwriting
Envelop Underwriting will bring all the firm’s underwriting into one framework.
Liz Bury
,
12 November 2024
Digests
Daily Digest: Top news from 12 November
A roundup of all the news you need today, including Paul Brand’s keynote speech at Insurance Insider’s London Market Conference.
Insurance Insider team
,
12 November 2024
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